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It Was the Best of Times. It Was the Worst of Times. Budget Now. No Matter What.

December 11, 2018 by Judi Otton Leave a Comment

For business owners, December is never dull! You will feel pressure to close sales, deliver product, schmooze with your prospects and referral networks, show gratitude to your employees, and close out your books for the year. However, amid the chaos of holiday hoopla, it is critical to make time for a detailed review and inspection […]

Filed Under: Articles Tagged With: Budgeting, Business Planning, Cash Flow, check list, customers, Profit, Sales

Profit Drain #2 – Under Achieving Productivity

September 12, 2018 by Judi Otton Leave a Comment

Ways to Improve Productivity, Reduce Waste & Increase Profit Is your productivity under achieving ? You say “no” right away, but almost every business has places where they could be more efficient.

Filed Under: Articles, Profit Drains Tagged With: #profitdrains, Capital Investments, Cash Flow, hiring, Productivity, Profit, Sales, Training

Profit Drain #1 – Not Knowing Your REAL Costs

September 2, 2018 by Judi Otton Leave a Comment

Are You Charging Enough to Cover Your Costs AND Make a Profit? The purpose of being in business is to make more money than it costs to provide your goods and service, right? And “what should I charge?” can be a loaded question. You’re making money, but is it enough?

Filed Under: Articles, Profit Drains Tagged With: #profitdrains, Cash Flow, costs, pricing, Profit, Sales

Afraid to raise your prices? Don’t be – and here’s why.

July 13, 2018 by Judi Otton 2 Comments

When we first start a business, the biggest question we often think is, “what should I charge?” We tend to start out where we’re comfortable and confident people will buy.  After a while we may find that we’re making sales easily.  That’s an indication to consider raising prices.  If you also find that you’re working […]

Filed Under: Articles Tagged With: Cash Flow, Profit, Sales

Tips To Keep Your Books Current & On-Point

June 22, 2018 by Judi Otton Leave a Comment

According to a small business administration study, over 28% of businesses go bankrupt due to problems with the financial structure of the company, and in many cases this could have been avoided.[1] Understanding your accounting reports is essential in order to stay on top of business so you can manage your finances and make informed […]

Filed Under: Articles Tagged With: Budgeting, Cash Flow, Forecasting, Profit, Sales

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